MGMT-201 Chapter Notes - Chapter 10: Equator Principles, Industrial Ecology, Iso 14000
17 Jan 2016
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Does not destroy/deplete natural resources for future generations. Environment influences society which influences business and vice-versa. Meets the needs of the present without compromising future generations" ability to meet their own. Cannot occur at the expense of degrading forests, farmland, water and air. Usage rate of natural resources needs be sustainable over an indefinite period. Amount of land and water a population needs to produce resources it consumes and absorb its wastes. If all individuals attempt to maximize their own private advantage in the short term, commons may be destroyed, so all users lose. Collect information on the lifelong environmental impact of a product (raw material -> disposal) Designing factories and distribution systems as if the were self- contained ecosystems. Companies have responsibility over the product even after its sold. Iea sees oil market remaining oversupplied next year. International energy agency cut its 2016 forecast for oil demand growth by.
